Sunday, 17 January 2021

Will new Bitcoiners find their way to Bitcoin Cash or should we proactively grab their attention?

submitted by /u/Maxwell10206
[link] [comments]

source https://www.reddit.com/r/btc/comments/kywcbb/will_new_bitcoiners_find_their_way_to_bitcoin/

Massive blackouts have hit Iran. The government is blaming bitcoin mining.

Massive blackouts have hit Iran. The government is blaming bitcoin mining. submitted by /u/Egon_1
[link] [comments]


source https://www.reddit.com/r/btc/comments/kyvqcy/massive_blackouts_have_hit_iran_the_government_is/

Coinparty - A Virtual Coin-Slot for Games! Tournament Announcement!!

Coinparty - A Virtual Coin-Slot for Games! Tournament Announcement!!

I built a virtual coin-slot for players to purchase digital goods directly through an in-game vending machine!!! The project will allow server owners to place this virtual merchant and accept BCH as payment for in-game goods.

This marks a major milestone in my Coinparty hackathon project, I've fully implemented the tech and it's now LIVE on my servers! Over 1000 people will see this booth each day, I think this is going to really help adoption in this space!

To further promote adoption, I've organized a BCH PRIZE TOURNAMENT for my Rust server!! I'm giving away $100 USD in BCH to 24 contestants. Watch the broadcast of the tournament at twitch.tv/mrsquidtwitch when we go LIVE tomorrow, January 17th, 11am West / 2pm East / 7pm BST!!

Big thanks to my Flipstarter backers for the tournament funds!

If you've received CCK tokens please VOTE FOR ME by sending the tokens to the address below!!

https://devpost.com/software/tommygun-s-coin-slot

Finally got the coin slot booth in game and fully launched!! Vote for me!!

submitted by /u/thompson_codes
[link] [comments]


source https://www.reddit.com/r/btc/comments/kywb3e/coinparty_a_virtual_coinslot_for_games_tournament/

Electronics stores that accept BTC?

Looking to get some new stuff for PC with the BTC I have left in my Wallet. Any online stores like Best Buy or Micro Center accept crypto?

submitted by /u/stephen_with_a_ph
[link] [comments]

source https://www.reddit.com/r/btc/comments/kyw6w7/electronics_stores_that_accept_btc/

Now 8 days later we can be proud to have been welcoming another almost 40k new users to this sub! Unbelievable growth! Love and happiness to all of you in this peaceful revolution! May the force be with us!

Now 8 days later we can be proud to have been welcoming another almost 40k new users to this sub! Unbelievable growth! Love and happiness to all of you in this peaceful revolution! May the force be with us! submitted by /u/castorfromtheva
[link] [comments]


I bought in!

I finally did what I wanted to do today after alot of debating, I know we are at an all time high but could be pittance in years to come. I plan on holding for 5 years. Love to you all

submitted by /u/TarantulaBlowjob
[link] [comments]

Saturday, 16 January 2021

How do people use crypto-backed loans to avoid capital gains tax?

I've seen quite a few people recently talking about using something like BlockFi to borrow USD against their BTC, instead of selling and paying CGT. How does this work?

Say I want to buy a new car for $40,000. I have some BTC I bought years ago for cheap, but don't want to pay CGT by selling my BTC to pay for the car.

In theory I could borrow $40,000 from BlockFi and put up 1 BTC as collateral, right? Then I use that $40,000 to buy the car.

But I still have to pay back the loan - won't I have to sell 1 BTC on an exchange in order to pay off the $40,000 (+ interest) loan? Thereby incurring CGT on that exchange transaction?

Is there something I'm missing here? I can't see how crypto-backed loans help avoid tax at all

submitted by /u/HellospaceWorld
[link] [comments]